Companies are entering uncharted territory as they try to determine what their workplace will look like in a post-COVID-19 world. From work-from-home (WFH) to social distancing, companies are faced with some very challenging decisions that will impact them financially and culturally. Companies are asking:
To help answer these questions and many others, Site Selection Group has developed a straight-forward, ten-step roadmap in a new whitepaper to assist you with developing a workplace strategy.
Understand the latest workplace trends
No one knows exactly how a post-COVID-19 world will look like, so it is important to understand the latest workplace trends to help figure out what both employers and employees want. There are numerous surveys emerging daily conducted by various organizations with differing agendas. One of the better surveys was recently conducted by PricewaterhouseCoopers (PwC) which identified the following trends:
Return on investment is estimated to be 2+ years
Calculating the return on investment of a work-from-home workplace strategy is really where the rubber meets the road. You need to consider the many variables that come including, but not limited to, sublease costs, additional staffing and workplace redesign. Conservatively, the return on investment ranges between two and four years which may be a significant issue for most companies believing there are immediate cost savings. The following provides an example of how to calculate the return on investment.
Site Selection Group highly recommends you consider work-from-home workplace strategies as a way to control costs both near- and long-term. However, it is critical that you evaluate the benefits, risks and return on investment before rushing into any decisions. Our team of workplace strategists is here to help you evaluate, quantify and implement the workplace strategy that is best for you. To learn more, download our latest whitepaper to developing the optimal workplace strategy for your company.